A Market Update | It’s Moving Quickly

If you know someone trying to buy a home in nearly any market in South East Michigan, you will hear a pretty similar story. In fact, it typically goes like this,

We can’t catch a break! It seems that everyone else is trying to buy the same house as us. We’ve put in three offers on three different homes and been beaten out each time! It’s either a cash buyer or someone way overbids the price we are willing to pay.

Admit it. You’re hearing the same stories, aren’t you?

My Examples

This past December, I had the pleasure of listing two wonderful homes on consecutive Friday mornings. In both instances, each home was under contract by Saturday evening. Both were private sales, both were in the first time homebuyer-priced range (under $250,000 in our marketplace) and both were in great shape.

[If you are curious about their marketing presence, check out 1068 Kings Ct and 17169 Oporto.]

In one instance, there were a dozen and a half showings scheduled across two days and the second viewer wrote a full-priced offer nearly on the spot. In the other instance, one showing and an over list price offer was submitted, nearly instantaneously.

The Takeaway | Sellers

Homes for Sale | Todd WallerIf you are thinking of selling a home, contact your friendly real estate agent as soon as possible. Might I suggest this agent? Your home will need proper pricing, to take advantage of the speed and momentum of the market. Additionally, you want to ensure that the prospective buyers coming through your home have already selected your home as a high possibility for purchase. This is only possible with a great marketing presence for your home. Check out this wonderful example of the marketing effort put in place for my selling clients.

The Takeaway | Buyers

Buying a home in 2013? Be sure to work with an agent that is responsive and able to listen to you as you describe your housing needs. Also, be sure that you are getting access to the freshest real estate information available. By working with an agent that listens and is responsive to your needs, you can receive an update just as soon as a property meeting your criteria hits the active market. Don’t waste your time scrolling through listings on realtor.com, zillow or trulia only to find out the homes you like are already under a purchase contract.

What are you seeing in the market as a seller? If you are buying, how many “swings” has it taken you to finally get an agreed upon purchase agreement?

Create your own search for Ann Arbor Homes for Sale.

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Todd Waller | Ann Arbor Real Estate | Berkshire Hathaway HomeServices Snyder & Company, Realtors

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Todd Waller Real Estate
Local Business: Todd Waller
Description: Todd Waller, a self described "destroyer of the real estate fortress of suckitude," focuses on helping sellers and buyers in Ann Arbor, Canton, Livonia, Northville, Novi, South Lyon, Plymouth, and Ypsilanti
Location: 2655 Plymouth Road Ann Arbor MI 48105
Phone: 734.564.7465